Dear PSL members,

Colgate-Palmolive Company (NYSE:CL) decreased 7.07% to $77.93 on 12.04 million shares after its second-quarter earnings rose to $603 million, or $1.17 a share, from $562 million, or $1.07 a share, in the year-ago period. Net sales climbed to $3.81 billion from $3.76 billion. Analysts polled by FactSet Research were looking for earnings of $1.17 a share, on average, with sales of $3.95 billion. The New York consumer products company also lowered its full-year earnings guidance because of currency devaluation in Venezuela. The full year impact of the devaluation is expected to be 10 cents to 15 cents a share, compared to a prior estimate of 6 cents to 10 cents a share. Shares of Colgate fell 2% premarket to $82. The stock has been moving within a range of $70.45-$87.39 over the past 52-weeks.

The Goodyear Tire & Rubber Company (NYSE:GT) went down 5.36% to $11.31 on 8.74 million shares. The stock has been moving within a range of $9.65-$18.84 over the past 52-weeks. The company reported improved tire unit volumes, higher sales and a net profit in the second quarter of 2010. Goodyear’s second quarter 2010 sales were $4.5 billion, up 15 percent from the 2009 quarter. Second quarter sales reflect the $304 million impact of a 10 percent increase in tire unit volume due to improved global demand. The company had segment operating income of $219 million in the second quarter of 2010, up from $24 million in the year-ago quarter. 

The Procter & Gamble Company (NYSE:PG) is also down 1.94% to $61.49 on 8.76 million shares. Over the last 52 weeks the stock has ranged from a low of $39.37 to a high of $64.58. The Procter & Gamble Company (P&G) is focused on providing branded consumer packaged goods. The Company’s products are sold in over 180 countries worldwide primarily through mass merchandisers, grocery stores, membership club stores, drug stores and in high-frequency stores, the neighborhood stores, which serve consumers in developing markets.

General Mills, Inc. (NYSE:GIS) dropped 2.91% to $34.41 on 6.07 million shares.  General Mills, Inc. (General Mills) is a global manufacturer and marketer of consumer foods sold through retail stores. The Company is also a supplier of food products to the foodservice and commercial baking industries. General Mills manufactures its products in 15 countries and markets them in more than 100 countries.

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